News

The Pensions Regulator has launched a campaign to foster good governance and administration, as well as better management of pension scheme risks.

Three quarters of defined benefit pension plans are now more likely to halt future accrual than they were 12 months ago, the Hewitt Global Pension Risk Survey 2009 reveals.

JAPAN - Japan Airlines Corp. President Haruka Nishimatsu proposed cutting retiree pensions by 30% to help return the carrier to profit, Bloomberg News reported.

UK - Companies and their investors are failing to take changes in weather patterns properly into account in their investment decisions, latest research revealed.

GLOBAL - The number of institutional investors using exchange traded funds increased 12% in 2008 with nearly 3,000 investors worldwide holding ETFs, a new report from Barclays Global Investors (BGI) showed.

NETHERLANDS - ING Investment Management (ING IM) has appointed Michel van Elk as chief executive of ING IM Europe.

CANADA - Canadian defined benefit (DB) pension funds will struggle to meet future obligations to members, according to a survey by RBC Dexia Investor Services.

GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.

HSBC Actuaries and Consultants has promoted Simon Taylor to head of corporate consultancy.

Companies and their investors are failing to take changes in weather patterns properly into account in their investment decisions, latest research reveals.